Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Friday, June 24, 2022

Bitcoin Will Survive. Bitcoin And Other Cryptocurrencies' Prices Will Increase Multiple-fold



Bitcoin's price is hovering around 20 000 USD.

My forecast is that Bitcoin will survive, prosper, change the world and the blockchain algorithm underlying Bitcoin will enhance the world's wealth in proportions not seen for a long time.

Most other cryptocurrencies's prices will also increase multiple fold form current levels.

Why? I think Bitcoin, blockchain and crypto are a good way transfer, store and account for wealth. Crypto saves people time, money and effort. All a product of the most limited resource of all -> time.

People are still mortal after all.

Yes, Seth Klarman and Warren Buffett have said that there are no cash flows underlying Bitcoin.

But Warren Buffett has said that "derivatives are weapons of mass destruction". And the company he controls and manages Berkshire Hathaway has huge positions in derivatives. Berkshire has investments in Amazon, Apple, Snowflake and Nubank, which is basically a crypto bank.



Mr Buffett seems quite flexible. 

Agile as is modern to say.

No comments: